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How to choose the best suitable health care plan

on Sat, 11/30/2013 - 20:44

*Updated Dec 17, 2018

Recently, I have got quite some quote requests on health and dental plans. Not only because health care costs are getting more and more expensive, partly because lots of companies had been gradually reduce (or even cut) their group benefits; and the other part is, of course, we have more seniors retiring and that they no longer covered by their group benefits.

In general, health and dental plan consists of 3 areas: extended health care (Chiropractor, Naturopath, Registered Massage Therapist, Acupuncturist, Physiotherapist and so on), dental and drug. Each consists of different level of coverage (in terms of percentage and a max $$ amount per visit/condition). Here is a chart we had done to outline a commonly structured extended health care coverage.

The main players on personal health and dental plan are Manulife, Sun Life, Desjardin Financial, the Edge Benefits, Blue Cross and GMS.

Due to the cost on the services, dental is always the main thing people are looking for. However, among all these carriers, there is NO dental ONLY plans available in Ontario and Manulife is the only carrier that will offer dental and extended health care without drug plan. Desjardins' Solo and Manulife offer a bit of flexility that people don't have to take dental coverage if they don't need it. GMS offers health plan that does not include health practitioners but drug and dental to keep the cost down.

I am including the plan descriptions here from these carriers, that will give you a good understanding on what is being offered 

Desjardins' Solo

The Edge Medical:
Manulife Insurance:
Sun Life:
Sun LifeManulife and GMS offer online quote, that gives us an idea on how much cost on what we pick. 
In my opinion, if you already have an idea how much your medical expenses look like, always choose the plan that will give you the most coverage that you need. If you have no clue what you spend on extended health care or dental, and budget is not the main concern, then do not go with basic plan. Take a deluxe or enhanced plan just to make sure the coverage is sufficient.
And if you hold a business, health spending account is always something you want to take a look at.


Family Dentist in Whitchurch's picture

Thanks for sharing valuable information with us.  This is an need to know by everyone which are the things we need to be considered...glad to have information regards to this...Its really an pleasure to post comment on this blog.

trufinancial's picture

Glad you appricate the content! Come back often to check more useful info!

Dentist Fleet's picture

Glad to have this information...Actually this is an very important information which we should not neglect...Thanks for sharing with us most valuable and important information i will definitely take care of this criteria while choosing policy.

trufinancial's picture

Don't hesisate to let us know if there are any topics interest you :)

Albert's picture

The ratio of people dying due to injuries and diseases have become far less than yesteryears, because the educated gentry have become more aware of the available health care facilities, and majority of them have even bought health insurance plans, so that it becomes easier to get medical reimbursement , at the time of need.  

omega 3's picture

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